TSYS Signs Leading African Banking Group

10.5.2016 05:00 | Business Wire

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TSYS (NYSE: TSS) today announced that Ecobank, the leading pan-African
banking group, has deployed the latest version of the PRIMESM
payments solution platform, PRIME 4, to support its acquirer processing
of MasterCard, Visa and UnionPay International point-of-sale (POS)
transactions across 28 countries in Middle Africa.

Ecobank has a major presence in Africa with more than 1,100 branches
servicing over 10 million customers in 34 countries, making it one of
the largest providers of financial products and services on the
continent. With a mission to advance Africa’s economic and financial
integration, Ecobank sought a proven acquiring solution to further
improve its merchant services.

Eric Coffie, group head, cards and electronic banking at Ecobank, said
“We were seeking a robust solution to support our multi-country
acquiring operations across the African continent and PRIME 4’s support
for hosting multiple institutions on a single platform, along with its
support for multiple international and domestic payment schemes, made it
the clear choice.”

PRIME is a web-based, flexible and scalable solution optimised for
extensive interoperability and highly parameterised, with built-in
support for multiple languages and currencies, to enable exceptional
versatility in meeting diverse banking requirements. It offers an
integrated solution across the entire payments value chain, from issuing
to acquiring, as well as the regulatory, compliance and value-added
services crucial to those managing merchant portfolios.

“We are delighted that Ecobank chose PRIME to provide it with a
future-proof platform to further expand its acquiring business. We have
had an African presence dating back to 1995, so we are also pleased to
take this opportunity to re-affirm our commitment to the continent and
its future development,” said Rene Kruse, chief operating officer, PRIME
Business Solutions, TSYS International.

PRIME has an extensive issuer and acquirer footprint throughout Africa,
Europe, CIS, the Middle East and Asia. Its footprint extends across more
than 100 financial institutions in more than 70 countries.

About Ecobank

Founded in 1985, The Ecobank Group is a full-service bank focused on
Middle Africa. Headquartered in Lome, Togo, it provides wholesale,
retail, investment and transactional banking services to governments,
financial institutions, multinationals, local companies, SMEs and
individuals.

Today, Ecobank is the leading pan-African bank with operations in 34
countries across the continent, more than any other bank in the world.
It currently operates in countries in West, Central, East and Southern
Africa, namely Angola, Benin, Burkina Faso, Burundi, Cape Verde,
Cameroon, Central African Republic, Chad, Congo Brazzaville, Democratic
Republic of Congo, Côte d'Ivoire, Equatorial Guinea, Ethiopia, Gabon,
Ghana, The Gambia, Guinea, Guinea Bissau, Kenya, Liberia, Malawi, Mali,
Mozambique, Niger, Nigeria, Rwanda, Sao Tome & Principe, Senegal, Sierra
Leone, South Africa, South Sudan, Tanzania, Togo, Uganda, Zambia and
Zimbabwe. The Group also has a licensed operation in Paris and
representative offices in Beijing, Dubai, Johannesburg, London and
Luanda.

Ecobank operates as “One Bank” with common branding, standards,
policies, processes to provide a consistent and reliable service across
its unique network of 1,251 branches, over 2,100 ATMs, and 10,000 POS
machines servicing 10 million customers. With 18,698 employees as at end
of May 2015, the Group is the largest employer of labour in the
financial sector industry in Middle Africa.

About TSYS

TSYS® (NYSE: TSS) unlocks opportunities in payments for
payment providers, businesses and consumers. Our headquarters are in
Columbus, Georgia, USA, and we operate in more than 80 countries with
local offices across the Americas, EMEA and Asia-Pacific.

We provide seamless, secure and innovative solutions across the payments
spectrum — from issuer processing and merchant acquiring to prepaid
program management — delivered through partnership and expertise. We
succeed because we put people, and their needs, at the heart of every
decision. It’s an approach we call ‘People-Centered Payments®’.

Our industry is changing every day — and we’re leading the way towards
the payments of tomorrow. We routinely post all important information on
our website. For more, visit us at tsys.com.